AXA IM registers 20 new funds in Asia

AXA Investment Management (AXA IM) has extended the number of funds it has available in Asia, registering a range in Singapore for the first time and making a further seven available to investors in Hong Kong.

Hong Kong’s Securities and Futures Commission (SFC) has approved the additional funds in the territory, which takes the total number of AXA IM registered funds there to 23. The endorsement of the Monetary Authority of Singapore (MAS) means that there are now 13 of the firm’s funds available for distribution in the Lion City. The funds are bond strategies managed by AXA Fixed Income and equity products managed by AXA Framlington, AXA IM’s fundamental equity expertise.

Jean-Pierre Leoni, head of AXA IM Asia Pacific, commented: “As a testament to our commitment to Asia, we are not only expanding our product offering, but also bolstering our investment capabilities here in the region. We are glad to be able to provide a broader range of AXA IM funds in Hong Kong and Singapore for retail and institutional investors, as well as our distributors.”

AXA IM, which had approximately €562 billion (US$761.20 billion) in AUM as of March 31, has been expanding its investment team in Asia. In December 2013, Aidan Yao joined as senior emerging Asia economist and Jim Veneau joined as head of fixed income Asia. Additionally, Mark Tinker transferred from London to Hong Kong in September 2013 to take the role of head of AXA Framlington Asia.